BluSmart raises $24 million via issue of equity rights to fund expansion
Electric vehicle ride-hailing service and charging infrastructure network operator BluSmart on Thursday said it raised $24 million (Rs 200 crore) through issue of equity rights to its existing investors for funding the company’s expansion.
The latest funding round saw participation through over-subscription of equities by existing investors, founders and the leadership team, BluSmart said in a statement.
Currently, the platform operates over 5,500 electric vehicles in the domestic market. It owns and operates over 4,000 EV chargers across its 34 charging superhubs.
